The United States Half Dime coin holds a rich and captivating history that spans over two centuries, showcasing its evolution and significance within the numismatic world. This small yet historically significant coin began its journey in 1792 when the U.S. Congress passed the Coinage Act, a pivotal piece of legislation that laid the foundation for the nation’s coinage system. The act paved the way for the creation of various denominations, including the iconic Half Dime.
The Coinage Act of 1792 established specific guidelines for the Half Dime’s composition. It mandated that the coin should be made of 89.24% silver and 10.76% copper, giving it a unique metallic blend that would set it apart from other coins of its time. Furthermore, the act stipulated that the Half Dime should have a weight of 1.35 grams and a diameter of 15.5 millimeters. These precise specifications were instrumental in ensuring the uniformity and integrity of the coin’s value.
The first Half Dime coins were struck in 1792, marking a significant step in the young nation’s quest to establish its own currency. However, it wasn’t until 1794 that these coins were officially released into circulation. These early Half Dimes featured a design that numismatists refer to as the “Flowing Hair” type. The obverse of the coin showcased a depiction of Liberty, portrayed with flowing hair, while the reverse bore the image of an eagle. These coins, produced in limited quantities, are now incredibly rare and highly sought after by collectors and enthusiasts alike.